A Checklist for Your 2012 Deductions - Don't Overpay!

DON'T OVERPAY S %24 A CHECKLIST FOR YOUR 2012 TAX DEDUCTIONS Tax preparation is rarely anyone's idea of a good time. Between the paperwork and the number crunching, it's enough to make us celebrate April's end. But the only thing worse than preparing your return is overpaying Uncle Sam. Here is a checklist of frequently overlooked deductions and credits to ensure you don't pay a penny more than required. DEDUCTIONS FOR HOMEOWNERS DEDUCTIONS FOR FINANCIAL MATTERS Homeowners are eligible for a wide range of deductions, including: Many of the costs of keeping your finances in order are fully or partially deductible as well: Accounting or legal fees relating to taxes Local property Mortgage interest Refinancing points on a mortgage Commissions on State income taxes (deductible on your federal return) taxes the sale of a home MOVERS RIP IRA 40I(4) Annual brokerage 401(k) or IRA contributions Safe deposit box (for investment or business use) Moving Casualty or theft Home office IRA custodial fees expenses loss deductions fees DEDUCTIONS FOR EDUCATION/LIFESTYLE Many of the costs of keeping your finances in order are fully or partially deductible as well: Charitable contributions Student loan Hope Credit Lifetime Alimony interest Learning credit H. Health Savings Account contributions Property taxes on cars or boats Energy credits on efficient appliances Clean fuel credits for hybrid or diesel vehicles By performing a thorough inventory of all your spending and the applicable deductions, you can be sure you're only paying taxes you legally owe. Sources: 17 Commonly Overlooked Tax Deductions by Boston Globe The Most Overlooked Tax Deductions by Kiplinger %24 DON'T OVERPAY S %24 A CHECKLIST FOR YOUR 2012 TAX DEDUCTIONS Tax preparation is rarely anyone's idea of a good time. Between the paperwork and the number crunching, it's enough to make us celebrate April's end. But the only thing worse than preparing your return is overpaying Uncle Sam. Here is a checklist of frequently overlooked deductions and credits to ensure you don't pay a penny more than required. DEDUCTIONS FOR HOMEOWNERS DEDUCTIONS FOR FINANCIAL MATTERS Homeowners are eligible for a wide range of deductions, including: Many of the costs of keeping your finances in order are fully or partially deductible as well: Accounting or legal fees relating to taxes Local property Mortgage interest Refinancing points on a mortgage Commissions on State income taxes (deductible on your federal return) taxes the sale of a home MOVERS RIP IRA 40I(4) Annual brokerage 401(k) or IRA contributions Safe deposit box (for investment or business use) Moving Casualty or theft Home office IRA custodial fees expenses loss deductions fees DEDUCTIONS FOR EDUCATION/LIFESTYLE Many of the costs of keeping your finances in order are fully or partially deductible as well: Charitable contributions Student loan Hope Credit Lifetime Alimony interest Learning credit H. Health Savings Account contributions Property taxes on cars or boats Energy credits on efficient appliances Clean fuel credits for hybrid or diesel vehicles By performing a thorough inventory of all your spending and the applicable deductions, you can be sure you're only paying taxes you legally owe. Sources: 17 Commonly Overlooked Tax Deductions by Boston Globe The Most Overlooked Tax Deductions by Kiplinger %24 DON'T OVERPAY S %24 A CHECKLIST FOR YOUR 2012 TAX DEDUCTIONS Tax preparation is rarely anyone's idea of a good time. Between the paperwork and the number crunching, it's enough to make us celebrate April's end. But the only thing worse than preparing your return is overpaying Uncle Sam. Here is a checklist of frequently overlooked deductions and credits to ensure you don't pay a penny more than required. DEDUCTIONS FOR HOMEOWNERS DEDUCTIONS FOR FINANCIAL MATTERS Homeowners are eligible for a wide range of deductions, including: Many of the costs of keeping your finances in order are fully or partially deductible as well: Accounting or legal fees relating to taxes Local property Mortgage interest Refinancing points on a mortgage Commissions on State income taxes (deductible on your federal return) taxes the sale of a home MOVERS RIP IRA 40I(4) Annual brokerage 401(k) or IRA contributions Safe deposit box (for investment or business use) Moving Casualty or theft Home office IRA custodial fees expenses loss deductions fees DEDUCTIONS FOR EDUCATION/LIFESTYLE Many of the costs of keeping your finances in order are fully or partially deductible as well: Charitable contributions Student loan Hope Credit Lifetime Alimony interest Learning credit H. Health Savings Account contributions Property taxes on cars or boats Energy credits on efficient appliances Clean fuel credits for hybrid or diesel vehicles By performing a thorough inventory of all your spending and the applicable deductions, you can be sure you're only paying taxes you legally owe. Sources: 17 Commonly Overlooked Tax Deductions by Boston Globe The Most Overlooked Tax Deductions by Kiplinger %24 DON'T OVERPAY S %24 A CHECKLIST FOR YOUR 2012 TAX DEDUCTIONS Tax preparation is rarely anyone's idea of a good time. Between the paperwork and the number crunching, it's enough to make us celebrate April's end. But the only thing worse than preparing your return is overpaying Uncle Sam. Here is a checklist of frequently overlooked deductions and credits to ensure you don't pay a penny more than required. DEDUCTIONS FOR HOMEOWNERS DEDUCTIONS FOR FINANCIAL MATTERS Homeowners are eligible for a wide range of deductions, including: Many of the costs of keeping your finances in order are fully or partially deductible as well: Accounting or legal fees relating to taxes Local property Mortgage interest Refinancing points on a mortgage Commissions on State income taxes (deductible on your federal return) taxes the sale of a home MOVERS RIP IRA 40I(4) Annual brokerage 401(k) or IRA contributions Safe deposit box (for investment or business use) Moving Casualty or theft Home office IRA custodial fees expenses loss deductions fees DEDUCTIONS FOR EDUCATION/LIFESTYLE Many of the costs of keeping your finances in order are fully or partially deductible as well: Charitable contributions Student loan Hope Credit Lifetime Alimony interest Learning credit H. Health Savings Account contributions Property taxes on cars or boats Energy credits on efficient appliances Clean fuel credits for hybrid or diesel vehicles By performing a thorough inventory of all your spending and the applicable deductions, you can be sure you're only paying taxes you legally owe. Sources: 17 Commonly Overlooked Tax Deductions by Boston Globe The Most Overlooked Tax Deductions by Kiplinger %24 DON'T OVERPAY S %24 A CHECKLIST FOR YOUR 2012 TAX DEDUCTIONS Tax preparation is rarely anyone's idea of a good time. Between the paperwork and the number crunching, it's enough to make us celebrate April's end. But the only thing worse than preparing your return is overpaying Uncle Sam. Here is a checklist of frequently overlooked deductions and credits to ensure you don't pay a penny more than required. DEDUCTIONS FOR HOMEOWNERS DEDUCTIONS FOR FINANCIAL MATTERS Homeowners are eligible for a wide range of deductions, including: Many of the costs of keeping your finances in order are fully or partially deductible as well: Accounting or legal fees relating to taxes Local property Mortgage interest Refinancing points on a mortgage Commissions on State income taxes (deductible on your federal return) taxes the sale of a home MOVERS RIP IRA 40I(4) Annual brokerage 401(k) or IRA contributions Safe deposit box (for investment or business use) Moving Casualty or theft Home office IRA custodial fees expenses loss deductions fees DEDUCTIONS FOR EDUCATION/LIFESTYLE Many of the costs of keeping your finances in order are fully or partially deductible as well: Charitable contributions Student loan Hope Credit Lifetime Alimony interest Learning credit H. Health Savings Account contributions Property taxes on cars or boats Energy credits on efficient appliances Clean fuel credits for hybrid or diesel vehicles By performing a thorough inventory of all your spending and the applicable deductions, you can be sure you're only paying taxes you legally owe. Sources: 17 Commonly Overlooked Tax Deductions by Boston Globe The Most Overlooked Tax Deductions by Kiplinger %24